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Profitable Appliance Rental Business with Growth Potential for Sale in Romford, London

Romford, London

PHOTO COMING SOON

  • Leasehold: £499,995
  • Turnover: £350,000 (£6,731 Per week)
  • Net Profit: £120,000 (35% Profit margin)

Business Details

Rental Appliance Business For Sale

Business
Please quote reference B08520

CoGoGo presents an established appliance rental business offering a pay-per-week model, located in the bustling town of Romford. The business has been successfully operated for 3.5 years and has built a solid reputation for providing reliable and cost-effective appliance hire services.

Situated in Romford, a vibrant town with excellent transport links and a strong local customer base. The business benefits from its strategic location and potential for further expansion.

This is a Limited Company that specialises in appliance rentals on a pay-per-week basis. Currently, the business is managed with one employed engineer who handles maintenance and servicing.

The business operates under a leasehold agreement with 10 years remaining on the lease. The annual rent is £12,000, making this a cost-efficient opportunity in a desirable location.

There is significant potential for growth by hiring additional engineers to meet increasing customer demand and expand the range of services offered.

The business includes assets valued at approximately £40,000, ensuring that new owners have a strong foundation to continue operations seamlessly.

The current owner is relocating to the United States, creating an excellent opportunity for a new owner to take over and grow the business.

This is a fantastic opportunity to acquire a well-established appliance rental business with proven profitability and growth potential.

Interested parties are encouraged to get in touch for further information or to arrange a viewing!



Location
Here Domestic Repairs is located at 110 Petersfield Avenue, Romford, England, RM3 9PH.



Premises
This business operates through a single-fronted premises, under a leasehold agreement with 10 years remaining on the lease.



Tenure
This opportunity is being sold on a Leasehold basis with a 10-year lease in place.

The current rent is £12,000 per annum.



Hours
Due to the nature of the business they are operating 24/7.



Staff
This business is run and managed by our client with the help of 1 engineer.



Financial Profile
This business generated a turnover of £350,000. Full financials can be made available upon request.



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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